Level I

Sharpe ratio of sum of random variable

Hello All,

I am not able to get the OA.

Let X = Random variable denotes the change in the value of stock of Microsoft.

Let Y = Random variable denotes the change in the value of stock of IBM.

Given, E(X) = 0.10; E(Y) = 0.12; Var (X+Y) = 14.64

Find Sharpe Ratio of Z = X+Y, if risk-free return = 1.5%.

Here’s what I did:

Sharpe Ratio = (E(X) + E(Y) - Rf)/ Sqrt (Var (X+Y)) = (0.22 - 0.015)/Sqrt(14.64) = 0.05357. Continue reading

77% on Schweser Mock

In a previous post I described how I have been grossly front loading my allocated study time just based on my career and am now around 170 Hours.  I recently took a Schweser Mock Exam from 2011 and scored a 77%.  Obviously December is still a long time from July 11th – Are the Schweser Mock’s that much easier than the real exam? Continue reading

Still no mail from CFA for exam result date intimation.

Hi,

I am quite sure that I did not do anything illegal during the exam. Eventhough I did not receive any PCP mailer till now, this is making me shit worried. 

I have verified my mail again and again from the CFA website and I do get occasional marketing mails from the CFA institute. I do not understand why I am not receiving this one.

 Can someone please tell me what is the exact title of the mail you guys received.

PS: I use yahoo mail.  Continue reading

Ethics & professional conducts and alternative investments

Dear friends,

I am new to CFA but finding very interesting by applying new strategy and time mamagement skills. Try it yourself you will be surprise with the confidence you will get to pass exams. 

Ethical and professional standards will comes all 3 level on top ethics will rest of your life after passing all exams. Worth spending enough time on it. Also alternative investments try 3 to. 4 days and discuss with someone straight away everything you read and see the retention power. You will be surprise.  Continue reading

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